The Daily Shot Brief – October 9th, 2020



United States: According to Morgan Stanley, US households have built up substantial ‘excess’ savings.

Source: Morgan Stanley Research


One trend that allowed many households to save more was the postponement of liabilities: eviction moratoriums, mortgage forbearance programs, and student loan deferment (chart below).

Source: Yardeni Research


China: Foreigners continue to increase their holdings of China’s domestic assets.

Source: @adam_tooze, @FT Read full article


Emerging Markets: Argentines are piling into US dollars at a record pace.

Source: @markets Read full article


Equities: Here are the trends in equity ownership by wealth bracket.

Source: @business Read full article


Credit: High-yield funds are seeing capital inflows again.

Source: BofA Global Research, @WallStJesus


Food For Thought: Social Security fund depletion:

Source: @WSJ Read full article

Edited by Devon Lall

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